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Author Question: Ewing Oil repurchased $5.10B worth of shares during the year at an average price of $30. Cliff ... (Read 49 times)

Mr. Wonderful

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on: Apr 25, 2021
Ewing Oil repurchased $5.10B worth of shares during the year at an average price of $30. Cliff Barnes owned 0.15B shares in Ewing prior to the repurchase. Cliff decided not to sell any shares during the repurchase. What was Cliff's proportionate ownership in Ewing following the repurchase?

Ewing Oil Inc.
Selected Financial Information
Shares outstanding at beginning of Year1.78B
Price at beginning of Year$30
Value of company beginning of Fiscal53.4B

◦ 8.43%
◦ 9.32%
◦ 10.42%
◦ 11.54%
◦ 12.32%
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by Mr. Wonderful on Apr 25, 2021

ASDFGJLO

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Mr. Wonderful

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Reply 2 on: Apr 25, 2021
Excellent

alexanderhamilton

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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